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COLINZ LABOR Gains 20%; BSE HEALTHCARE Index Up 0.7%
Wed, 3 Jul 11:54

COLINZ LABOR Gains 20%; BSE HEALTHCARE Index Up 0.7%Image source: alexsl/www.istockphoto.com

COLINZ LABOR share price has zoomed 20% and is presently trading at Rs 63.5.

Meanwhile, the BSE HEALTHCARE index is at 37,433.1 (up 0.7%).

Among the top gainers in the BSE HEALTHCARE index today are GRANULES INDIA (up 3.7%) and SUN PHARMA ADV. RES. (up 3.3%).

ALEMBIC PHARMA (down 2.1%) and AARTI DRUGS (down 1.6%) are among the top losers today.

Over the last one year, COLINZ LABOR has moved up from Rs 35.0 to Rs 63.5, registering a gain of Rs 28.5 (up 81.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,433.1, registering a gain of 46.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 90.7%), Cadila Healthcare (up 89.1%) and GSK Pharma (up 86.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,882.4 (up 0.6%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,261.3 (up 0.6%). HDFC Bank and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,882.4, registering a gain of 14,677.4 points (up 22.5%).

COLINZ LABOR Financial Update...

COLINZ LABOR net profit grew 5.5% YoY to Rs 1 million for the quarter ended March 2024, compared to a profit of Rs 1 million a year ago. Net sales declined 5.3% to Rs 16 million during the period as against Rs 17 million in January-March 2023.

For the year ended March 2023, COLINZ LABOR reported 34.8% increase in net profit to Rs 5 million compared to net profit of Rs 3 million during FY22. Revenue of the company grew 2.9% to Rs 71 million during FY23.

The current Price to earnings ratio of COLINZ LABOR, based on rolling 12 month earnings, stands at 33.2.


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